Buy property in cash?

Land, personal possessions, and self. Not necessarily in that order.
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JessK
Posts: 5
Joined: Fri May 12, 2017 3:29 pm

Buy property in cash?

Post by JessK » Tue May 23, 2017 3:36 pm

Hello. Hope it is the suitable place to put my question. I'm curently living in Austria and planning to buy property in the USA. This article https://tranio.com/usa/news/sayonara_sh ... ales_5027/ perplexed me abit. Is the issue with buying in cash still relevant? The problem is I can't close the deal myself but my brother can be there no problem. If I pay by bank transfer can everything be arranged by proxy? Are there any special rules for translation of documets and so on. Looking forward to your advice. Thank you in advance.
cobra2411
Posts: 44
Joined: Mon Jan 16, 2017 5:00 pm

Re: Buy property in cash?

Post by cobra2411 » Wed Jul 05, 2017 7:18 pm

My off the cuff guess is that if you can reasonably show where the money is coming from you're fine. Also, if you're titling it in your name there's someone to address questions too. The article seemed to be about dirty money being laundered by buying real estate with it.
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